Canadian Pacific Kansas City Limited (CP) To Go Ex-Dividend on December 27th

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) declared a quarterly dividend on Wednesday, October 23rd, RTT News reports. Investors of record on Friday, December 27th will be given a dividend of 0.19 per share on Monday, January 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, December 27th.

Canadian Pacific Kansas City Price Performance

CP stock opened at C$108.76 on Friday. Canadian Pacific Kansas City has a 52 week low of C$94.45 and a 52 week high of C$123.37. The firm has a market capitalization of C$101.49 billion, a P/E ratio of 29.16, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a fifty day simple moving average of C$112.34 and a two-hundred day simple moving average of C$111.60. The company has a quick ratio of 0.42, a current ratio of 0.51 and a debt-to-equity ratio of 50.47.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$1.05 EPS for the quarter, beating analysts’ consensus estimates of C$1.01 by C$0.04. The firm had revenue of C$3.60 billion during the quarter, compared to the consensus estimate of C$3.55 billion. Canadian Pacific Kansas City had a net margin of 24.46% and a return on equity of 8.10%. Analysts anticipate that Canadian Pacific Kansas City will post 4.3438583 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CP. Royal Bank of Canada cut their target price on Canadian Pacific Kansas City from C$137.00 to C$134.00 and set an “outperform” rating on the stock in a research report on Thursday. ATB Capital boosted their price objective on shares of Canadian Pacific Kansas City from C$133.00 to C$134.00 and gave the company an “outperform” rating in a research report on Thursday. Desjardins reduced their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$131.00 and set a “buy” rating on the stock in a research note on Thursday. Barclays lifted their price target on shares of Canadian Pacific Kansas City from C$95.00 to C$97.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, National Bankshares increased their price objective on shares of Canadian Pacific Kansas City from C$107.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of C$120.93.

Insiders Place Their Bets

In related news, Senior Officer Laird Joseph Pitz sold 5,480 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total value of C$436,796.55. In related news, Senior Officer John Kenneth Brooks sold 21,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$112.01, for a total transaction of C$2,430,629.59. Also, Senior Officer Laird Joseph Pitz sold 5,480 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$79.71, for a total transaction of C$436,796.55. 0.03% of the stock is owned by company insiders.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.